French State-owned Caisse des Depots and Qatar Holding said they signed a memorandum of understanding to co-invest in small and medium businesses in France.
The partnership will have capital of US$ 389 million and invest in companies engaged in sectors with high growth potential and where both Qatar Holding and Caisse des Depots have common interests, as per joint statements from both entities.
Established in 2006, Qatar Holding is a fully owned government entity and operates as the investment arm of the Qatar Investment Authority.
Mena Weekly Monitor – Bank Audi Research
6 December
Qatar Holding inks $389 million French partnership
Bank Audi Research
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